What if a default is done in paying back my business loan?
  • Personal
  • Business
  • NRI
  • About Us
  • Learn
  • Help
Discover Personal
Discover Business
Discover NRI
>

A bounce on business loan EMI will lead to the following:  

1. Attract penalties  

2. Impact on the credit score  

3. At the event of the sustained bounce, the chances of getting calls from collection agencies soar high and more importantly, it can lead to financers refusing to extend any kind of credit facility to you in future hence, it is important to ensure that the EMIs are being paid in time.   

Click here to know more.

Useful Links
Was this information helpful?
Was this information helpful?